Abu Dhabi
| Use attributes for filter ! | |
| Area | 972 |
|---|---|
| Local time | Sunday 15:45 |
| Weather | 37°C, Wind N at 14 km/h, 30% Humidity |
| Population | 1. 206 million (2014) |
| Colleges and universities | New York University Abu Dhabi |
| Date of Reg. | |
| Date of Upd. | |
| ID | 764169 |
About Abu Dhabi
Abu Dhabi, the capital of the United Arab Emirates, sits off the mainland on an island in the Persian (Arabian) Gulf. Its focus on oil exports and commerce is reflected by the skyline's modern towers and shopping megacenters such as Abu Dhabi and Marina malls. Beneath white-marble domes, the vast Sheikh Zayed Grand Mosque features an immense Persian carpet, crystal chandeliers and capacity for 41,000 worshipers.
Oil firms commit to major fossil fuel cut by 2050 at COP28
... The UAE s presidency of the COP28 talks has attracted criticism because the country is one the top 10 oil and gas producers in the world and the summit s president Sultan al-Jaber also heads the giant Abu Dhabi National Oil Company (Adnoc)...
Sultan al-Jaber: A quick guide to the COP28 president
... As chair of Abu Dhabi National Oil Company (Adnoc), Sultan al-Jaber leads a company that pumped 2...
Government intervenes in Abu Dhabi's bid to buy Telegraph
...By Simon JackBusiness editorThe culture and media secretary has intervened to scrutinise a sale of the Daily Telegraph and the Spectator magazine to a company backed by the Abu Dhabi ruling family...
Toxic gas putting millions at risk in Middle East, BBC finds
... " BreathlessHow the hidden toxic air pollution of the oil giants is spreading hundreds of kilometres, putting the health of millions of people at risk in Dubai, Abu Dhabi, Kuwait, Iran and Iraq...
Telegraph: Ministers may order probe into newspaper's sale
...By Noor NanjiCulture reporterThe culture secretary has said she may order a probe into the sale of the Telegraph newspaper and Spectator magazine to an Abu Dhabi-backed fund, citing " concerns" about the deal...
Richard Teng: Who is the new boss of Binance?
... He then moved on to the become CEO of the Abu Dhabi Global Market (ADGM), an international financial centre in the United Arab Emirates, where he stayed for six years...
Abu Dhabi-backed fund poised to take over Telegraph
...An Abu Dhabi-backed investment fund is poised to take control of the Telegraph newspaper and Spectator magazine...
Ethiopia PM Abiy eyes Red Sea port, inflaming tensions
... Abu Dhabi also supports Sudan s paramilitary Rapid Support Forces (RSF) group led by General Mohamed Hamdan Dagolo, known as " Hemeti" who controls much of Sudan including most of its capital, Khartoum, and may soon be able to form a government...
Richard Teng: Who is the new boss of Binance?
By Mariko OiBusiness reporter
The sudden resignation of Changpeng " CZ" Zhao has shocked the crypto world. But who is the New Boss of Binance, Richard Teng?
A native of Singapore, Mr Teng joined The World 's largest crypto exchange just over two years ago as The Ceo of his Home Country .
That was the year when Binance came under a Justice Department investigation, and as regulatory scrutiny of The Company and Mr Zhao intensified, Mr Teng was rapidly climbed the ranks in the background.
He only stayed in his original position as the Singapore CEO for 5 months, before he was promoted to Regional Head of Europe, Asia and the Middle East and North Africa in April 2023.
Mr Teng later moved on to become Head of Regional Markets this May before he was appointed to The Top job on Tuesday - just slightly More Than two years after he was first employed by Binance.
In announcing his successor, a " highly qualified leader" adding that " with over three decades of Financial Services and regulatory experience, he will navigate The Company through its next period of growth".
Prior to joining Binance, Mr Teng worked in the more traditional financial and regulatory sectors as a director of Corporate Finance at the Monetary Authority Of Singapore (MAS) and a chief regulatory officer of the Singapore Exchange (SGX).
He then moved on to the become CEO of the Abu Dhabi Global Market (ADGM), an international Financial Centre in The United Arab Emirates, where he stayed for Six Years . The ADGM regulates the trading of digital assets.
In a statement on Wednesday, Mr Teng said he was honoured to step into The Role , adding that he would Focus On reassuring Binance's 150m users about " the financial strength, security and safety of The Company ".
But his new role will come with its air share of challenges. Retaining customer confidence will be an item on Mr Teng's agenda, with Binance having suffered reputational damage in recent months.
In March, US regulators sought to ban The Company , alleging it had been operating in the country illegally. It was also accused of breaking numerous US financial laws, including rules intended to thwart Money Laundering .
The Justice Department later ordered Binance to pay $4. 3bn (£3. 4bn) in penalties and forfeitures.
Despite this, Mr Teng has reiterated that Binance was " here to stay" adding that company's foundation stands " stronger than ever".
Related TopicsSource of news: bbc.com
Abu Dhabi Photos
